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New Zealand Gazette – 2003 – No. 162

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✨ Financial Statements

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2003

20. FINANCIAL INSTRUMENTS continued

LINES BUSINESS 2003

Effective interest rate	Within one year $000	One to two years $000	Two to five years $000	More than five years $000	Total $000

Assets
| Short Term Investments | 6.39% | 510 | - | - | - | 510 |

Liabilities
| Bank Overdraft | 9.20% | (752) | - | - | - | (752) |
| Debt | 6.70% | (497,880) | (185,722) | (319,716) | (126,419) | (1,129,737) |
| | | (498,632) | (185,722) | (319,716) | (126,419) | (1,130,489) |

Off Balance Sheet
| Interest rate swaps | | 73,000 | 130,000 | 87,000 | (290,000) | - |
| Interest rate options | | 73,000 | 130,000 | 87,000 | (290,000) | - |

Re-pricing Profile
| | (425,122) | (55,722) | (232,716) | (416,419) | (1,129,979) |

The interest rate on debt as amended by interest rate swaps is 7.14%

LINES BUSINESS 2002

Effective interest rate	Within one year $000	One to two years $000	Two to five years $000	More than five years $000	Total $000

Assets
| Cash and bank | 2.00% | 19 | - | - | - | 19 |
| Short Term Investment | 5.95% | - | 9,887 | - | - | 9,887 |
| | | 9,906 |

Liabilities
| Bank Overdraft | 9.20% | (1,738) | - | - | - | (1,738) |
| Debt | 6.84% | (637,965) | (137,602) | (251,683) | (130,174) | (1,157,424) |
| | | (639,703) | (137,602) | (251,683) | (130,174) | (1,159,162) |

Off Balance Sheet
| Interest rate swaps | | 208,080 | 7,300 | (35,380) | (180,000) | - |
| Interest rate options | | 183,080 | 57,300 | (30,380) | (210,000) | - |

Re-pricing Profile
| | (446,717) | (80,302) | (282,063) | (340,174) | (1,149,256) |

The interest rate on debt as amended by interest rate swaps is 7.72%

VUW Te Waharoa — NZ Gazette 2003, No 162

Gazette.govt.nz — NZ Gazette 2003, No 162

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Financial instruments, Interest rate swaps, Cross currency interest rate swaps, Forward rate agreements, Interest rate options, Foreign exchange forward contracts, Credit risk exposure, Carrying value, Fair value

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